26th May 2026 14:21
AMENDMENT(2(a), 2(b))
FORM 8.5 (EPT/RI)
PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY
Rule 8.5 of the Takeover Code (the "Code")
1. KEY INFORMATION
(a) Name of exempt principal trader: | Morgan Stanley & Co. International plc |
(b) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree | Intertek Group plc |
(c) Name of the party to the offer with which exempt principal trader is connected: | EQT Fund Management S.a.r.l. |
(d) Date dealing undertaken: | 22 May 2026 |
(e) In addition to the company in 1(b) above, is the exempt principal trader making disclosures in respect of any other party to this offer? If it is a cash offer or possible cash offer, state "N/A" | N/A |
2. DEALINGS BY THE EXEMPT PRINCIPAL TRADER
Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 2(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.
The currency of all prices and other monetary amounts should be stated.
(a) Purchases and sales
Class of relevant security | Purchases/ sales
| Total number of securities | Highest price per unit paid/received | Lowest price per unit paid/received |
1p ordinary | PURCHASES | 274,899 | 55.2445 GBP | 54.7956 GBP |
1p ordinary | SALES | 169,287 | 55.2500 GBP | 54.8000 GBP |
1p ordinary | PURCHASES | 25,000 | 73.8760 USD | 73.8760 USD |
1p ordinary | SALES | 7,427 | 73.8768 USD | 73.8768 USD |
(b) Cash-settled derivative transactions
Class of relevant security | Product description e.g. CFD | Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position | Number of reference securities | Price per unit |
1p ordinary | CFD | increasing a long position | 21,170 | 54.8000 GBP |
1p ordinary | CFD | increasing a long position | 949 | 54.8000 GBP |
1p ordinary | CFD | increasing a long position | 255 | 54.8000 GBP |
1p ordinary | CFD | increasing a long position | 1,055 | 54.8019 GBP |
1p ordinary | CFD | increasing a long position | 130 | 54.8357 GBP |
1p ordinary | CFD | increasing a long position | 721 | 54.8390 GBP |
1p ordinary | CFD | increasing a long position | 180 | 54.9000 GBP |
1p ordinary | CFD | increasing a long position | 1 | 54.9147 GBP |
1p ordinary | CFD | increasing a long position | 49 | 54.9147 GBP |
1p ordinary | CFD | increasing a long position | 333 | 54.9147 GBP |
1p ordinary | CFD | increasing a long position | 345 | 54.9147 GBP |
1p ordinary | CFD | increasing a long position | 108 | 54.9147 GBP |
1p ordinary | CFD | increasing a long position | 1,734 | 54.9147 GBP |
1p ordinary | CFD | increasing a long position | 1,730 | 54.9427 GBP |
1p ordinary | CFD | increasing a long position | 7,427 | 54.9474 GBP |
1p ordinary | CFD | increasing a long position | 29 | 54.9500 GBP |
1p ordinary | CFD | increasing a long position | 5 | 55.0000 GBP |
1p ordinary | CFD | increasing a long position | 1,398 | 55.0346 GBP |
1p ordinary | CFD | increasing a long position | 390 | 55.0548 GBP |
1p ordinary | CFD | increasing a long position | 41 | 55.2000 GBP |
1p ordinary | CFD | increasing a short position | 1,270 | 54.8000 GBP |
1p ordinary | CFD | increasing a short position | 920 | 54.8000 GBP |
1p ordinary | CFD | increasing a short position | 390 | 54.8000 GBP |
1p ordinary | CFD | increasing a short position | 21,170 | 54.8000 GBP |
1p ordinary | CFD | increasing a short position | 8,393 | 54.8000 GBP |
1p ordinary | CFD | increasing a short position | 1 | 54.8000 GBP |
1p ordinary | CFD | increasing a short position | 1,053 | 54.8000 GBP |
1p ordinary | CFD | increasing a short position | 1,327 | 54.8000 GBP |
1p ordinary | CFD | increasing a short position | 2,753 | 54.8000 GBP |
1p ordinary | CFD | increasing a short position | 1 | 54.8000 GBP |
1p ordinary | CFD | increasing a short position | 9,515 | 54.8303 GBP |
1p ordinary | CFD | increasing a short position | 1,256 | 54.8995 GBP |
1p ordinary | CFD | increasing a short position | 879 | 54.8995 GBP |
1p ordinary | CFD | increasing a short position | 8,666 | 54.8995 GBP |
1p ordinary | CFD | increasing a short position | 3,893 | 54.8995 GBP |
1p ordinary | CFD | increasing a short position | 1 | 54.9100 GBP |
1p ordinary | CFD | increasing a short position | 49 | 54.9106 GBP |
1p ordinary | CFD | increasing a short position | 23,376 | 54.9241 GBP |
1p ordinary | CFD | increasing a short position | 9,789 | 54.9241 GBP |
1p ordinary | CFD | increasing a short position | 7,789 | 54.9241 GBP |
1p ordinary | CFD | increasing a short position | 147 | 54.9436 GBP |
1p ordinary | CFD | increasing a short position | 15,000 | 54.9549 GBP |
1p ordinary | CFD | increasing a short position | 1,239 | 54.9555 GBP |
1p ordinary | CFD | increasing a short position | 1,259 | 54.9632 GBP |
1p ordinary | CFD | increasing a short position | 1,116 | 54.9888 GBP |
1p ordinary | CFD | increasing a short position | 201 | 54.9920 GBP |
1p ordinary | CFD | increasing a short position | 758 | 54.9920 GBP |
1p ordinary | CFD | increasing a short position | 1,137 | 54.9920 GBP |
1p ordinary | CFD | increasing a short position | 87 | 54.9921 GBP |
1p ordinary | CFD | increasing a short position | 266 | 54.9921 GBP |
1p ordinary | CFD | increasing a short position | 808 | 54.9921 GBP |
1p ordinary | CFD | increasing a short position | 32 | 54.9923 GBP |
1p ordinary | CFD | increasing a short position | 311 | 54.9995 GBP |
1p ordinary | CFD | increasing a short position | 25,000 | 55.0000 GBP |
1p ordinary | CFD | increasing a short position | 22 | 55.0055 GBP |
1p ordinary | CFD | increasing a short position | 8,622 | 55.0094 GBP |
1p ordinary | CFD | increasing a short position | 348 | 55.0410 GBP |
1p ordinary | CFD | increasing a short position | 12,500 | 55.0458 GBP |
1p ordinary | CFD | increasing a short position | 1,000 | 55.0618 GBP |
1p ordinary | CFD | increasing a short position | 1,842 | 55.0620 GBP |
1p ordinary | CFD | increasing a short position | 4,548 | 55.0620 GBP |
1p ordinary | CFD | increasing a short position | 985 | 55.0620 GBP |
1p ordinary | CFD | increasing a short position | 2,315 | 55.0620 GBP |
1p ordinary | CFD | increasing a short position | 310 | 55.0620 GBP |
1p ordinary | CFD | increasing a short position | 8,732 | 55.0700 GBP |
1p ordinary | CFD | increasing a short position | 82 | 55.0888 GBP |
1p ordinary | CFD | increasing a short position | 109 | 55.1121 GBP |
1p ordinary | CFD | increasing a short position | 1 | 55.1250 GBP |
1p ordinary | CFD | increasing a short position | 4 | 55.1400 GBP |
1p ordinary | CFD | increasing a short position | 11,581 | 55.1545 GBP |
1p ordinary | CFD | increasing a short position | 1 | 55.1600 GBP |
1p ordinary | CFD | increasing a short position | 1,842 | 55.1611 GBP |
1p ordinary | CFD | reducing a long position | 263 | 54.8000 GBP |
1p ordinary | CFD | reducing a long position | 1,060 | 54.8000 GBP |
1p ordinary | CFD | reducing a long position | 2 | 54.8000 GBP |
1p ordinary | CFD | reducing a long position | 1,644 | 54.8000 GBP |
1p ordinary | CFD | reducing a long position | 728 | 54.8000 GBP |
1p ordinary | CFD | reducing a long position | 2,703 | 54.8286 GBP |
1p ordinary | CFD | reducing a long position | 5 | 54.8900 GBP |
1p ordinary | CFD | reducing a long position | 276 | 54.9000 GBP |
1p ordinary | CFD | reducing a long position | 64 | 54.9250 GBP |
1p ordinary | CFD | reducing a long position | 27 | 54.9254 GBP |
1p ordinary | CFD | reducing a long position | 354 | 54.9321 GBP |
1p ordinary | CFD | reducing a long position | 43 | 54.9500 GBP |
1p ordinary | CFD | reducing a long position | 346 | 54.9880 GBP |
1p ordinary | CFD | reducing a long position | 228 | 55.0233 GBP |
1p ordinary | CFD | reducing a long position | 283 | 55.0295 GBP |
1p ordinary | CFD | reducing a short position | 130 | 54.7994 GBP |
1p ordinary | CFD | reducing a short position | 54 | 54.7999 GBP |
1p ordinary | CFD | reducing a short position | 8,393 | 54.8000 GBP |
1p ordinary | CFD | reducing a short position | 1,259 | 54.8000 GBP |
1p ordinary | CFD | reducing a short position | 207 | 54.8000 GBP |
1p ordinary | CFD | reducing a short position | 233 | 54.8000 GBP |
1p ordinary | CFD | reducing a short position | 4 | 54.8000 GBP |
1p ordinary | CFD | reducing a short position | 804 | 54.8000 GBP |
1p ordinary | CFD | reducing a short position | 5 | 54.8000 GBP |
1p ordinary | CFD | reducing a short position | 202 | 54.8004 GBP |
1p ordinary | CFD | reducing a short position | 580 | 54.8004 GBP |
1p ordinary | CFD | reducing a short position | 535 | 54.8357 GBP |
1p ordinary | CFD | reducing a short position | 600 | 54.8563 GBP |
1p ordinary | CFD | reducing a short position | 358 | 54.8860 GBP |
1p ordinary | CFD | reducing a short position | 8,941 | 54.9119 GBP |
1p ordinary | CFD | reducing a short position | 6 | 54.9417 GBP |
1p ordinary | CFD | reducing a short position | 1 | 54.9500 GBP |
1p ordinary | CFD | reducing a short position | 424 | 54.9594 GBP |
1p ordinary | CFD | reducing a short position | 56 | 54.9647 GBP |
1p ordinary | CFD | reducing a short position | 82 | 54.9647 GBP |
1p ordinary | CFD | reducing a short position | 139 | 54.9647 GBP |
1p ordinary | CFD | reducing a short position | 10 | 55.0100 GBP |
1p ordinary | CFD | reducing a short position | 6,911 | 55.0267 GBP |
1p ordinary | CFD | reducing a short position | 140 | 55.0706 GBP |
1p ordinary | CFD | reducing a short position | 188 | 55.0744 GBP |
1p ordinary | CFD | reducing a short position | 426 | 55.0961 GBP |
1p ordinary | CFD | reducing a short position | 1 | 55.1250 GBP |
1p ordinary | CFD | reducing a short position | 350 | 55.2500 GBP |
1p ordinary | CFD | reducing a short position | 500 | 55.2500 GBP |
1p ordinary | CFD | reducing a short position | 100 | 55.2500 GBP |
1p ordinary | CFD | reducing a short position | 2,900 | 55.2500 GBP |
1p ordinary | CFD | reducing a short position | 1,550 | 55.2500 GBP |
(c) Stock-settled derivative transactions (including options)
(i) Writing, selling, purchasing or varying
Class of relevant security | Product description e.g. call option | Writing, purchasing, selling, varying etc. | Number of securities to which option relates | Exercise price per unit | Type e.g. American, European etc. | Expiry date | Option money paid/ received per unit |
N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
(ii) Exercise
Class of relevant security | Product description e.g. call option | Exercising/ exercised against | Number of securities | Exercise price per unit |
N/A | N/A | N/A | N/A | N/A |
(d) Other dealings (including subscribing for new securities)
Class of relevant security | Nature of dealing e.g. subscription, conversion | Details | Price per unit (if applicable) |
N/A | N/A | N/A | N/A |
3. OTHER INFORMATION
(a) Indemnity and other dealing arrangements
Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the exempt principal trader making the disclosure and any party to the offer or any person acting in concert with a party to the offer: Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state "none" |
NONE
|
(b) Agreements, arrangements or understandings relating to options or derivatives
Details of any agreement, arrangement or understanding, formal or informal, between the exempt principal trader making the disclosure and any other person relating to: (i) the voting rights of any relevant securities under any option; or (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state "none" |
NONE
|
| Date of disclosure: | 26 May 2026 |
| Contact name: | Claire Gordon |
| Telephone number: | +44 141 245-8893 |
Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.
The Panel's Market Surveillance Unit is available for consultation in relation to the Code's dealing disclosure requirements on +44 (0)20 7638 0129.
The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.
Related Shares:
Intertek Group